From: Sergio Demian Lerner <sergio.d.lerner@gmail•com>
To: "Emin Gün Sirer" <el33th4x0r@gmail•com>
Cc: bitcoin-dev <bitcoin-dev@lists•linuxfoundation.org>,
Ittay Eyal <ittay.eyal@cornell•edu>
Subject: Re: [bitcoin-dev] Bitcoin-NG whitepaper.
Date: Wed, 14 Oct 2015 15:14:08 -0300 [thread overview]
Message-ID: <CAKzdR-oBd4uTeb62FPZwMVA=5rjqRpGqyvK2vTTrm=uvN8SXww@mail.gmail.com> (raw)
In-Reply-To: <CAPkFh0viwmkUvjo4Qj50TNnkA5kG3z-3dLGExjkmDacE4E49Ow@mail.gmail.com>
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I'm reading it.
First comment: since a Bitcoin block time is only greater than the median
of the last 11 blocks, a miner could choose the key block time in order to
generate about 400 miniblocks, instead of the average 60 blocks. Not very
bad, but should be taken into account.
On Wed, Oct 14, 2015 at 3:02 PM, Emin Gün Sirer <
bitcoin-dev@lists•linuxfoundation.org> wrote:
> Hi everyone,
>
> We just released the whitepaper describing Bitcoin-NG, a new technique for
> addressing some of the scalability challenges faced by Bitcoin.
> Surprisingly, Bitcoin-NG can simultaneously increase throughput while
> reducing latency, and do so without impacting Bitcoin's open architecture
> or changing its trust model. This post illustrates the core technique:
> http://hackingdistributed.com/2015/10/14/bitcoin-ng/
> while the whitepaper has all the nitty gritty details:
> http://arxiv.org/abs/1510.02037
>
> Fitting NG on top of the current Bitcoin blockchain is future work that we
> think is quite possible. NG is compatible with both Bitcoin as is, as well
> as Blockstream-like sidechains, and we currently are not planning to
> compete commercially with either technology -- we see NG as being
> complementary to both efforts. This is pure science, published and shared
> with the community to advance the state of blockchains and to help them
> reach throughputs and latencies required of cutting edge fintech
> applications. Perhaps it can be adopted, or perhaps it can provide the
> spark of inspiration for someone else to come up with even better solutions.
>
> We would be delighted to hear your feedback.
> - Ittay Eyal and E. Gün Sirer.
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists•linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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next prev parent reply other threads:[~2015-10-14 18:14 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-10-14 18:02 Emin Gün Sirer
2015-10-14 18:12 ` Bryan Bishop
2015-10-14 18:28 ` Ittay
2015-10-14 18:57 ` Matt Corallo
2015-10-15 15:09 ` Ittay
2015-10-28 2:08 ` Matt Corallo
2015-11-06 20:48 ` Ittay
2015-10-14 18:14 ` Sergio Demian Lerner [this message]
[not found] ` <20151014182055.GC23875@mcelrath.org>
2015-10-14 18:38 ` Ittay
2015-10-14 18:39 ` Emin Gün Sirer
2015-10-14 22:21 ` odinn
2015-10-15 1:59 ` Matt Corallo
2015-10-15 8:48 ` odinn
2015-10-15 15:12 ` Ittay
2015-10-15 18:43 ` odinn
2015-10-14 20:52 ` Bob McElrath
2015-11-09 18:33 ` Emin Gün Sirer
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